Proverbs 22:7 says, “Just as the rich rule over the poor, the borrower is slave to the lender.”
I used to have credit cards and car payments. I’ve made poor decisions like charging a little Christmas here and there. I even put groceries on it once.
It’s something we as a society don’t really think about. Every time we add more debt to our lives, we become shackled in chains that grow heavier and heavier. We become slaves to our lenders. Yet, we sign up for it like it’s a way of life.
Little Pieces Of Plastic.
Credit Cards-We rack up tons and tons of debt on these little pieces of plastic. This in turn causes stress over the pending minimum payment. Not to mention all the interest and fees.
Yet, people allow the cycle to repeat every month. Therefore, they are on the hamster wheel running and running, and wondering if, and when, they will ever get off. The borrower is in bondage to the lender.
Slave To The Lender
Lend Me Some Wheels
Car Loans-I understand that everyone needs a vehicle and that for most people, car payments are a way of life.
What I don’t understand, is why people have to buy way more car than they can afford and put that much pressure on themselves.
What happens if someone loses a job or has to change jobs and has to take a lower wage? Those payments still have to be made every month. The borrower is slave to the lender.
Two Parties, One Slave, One Lender
Relationships-This is probably the most heartbreaking of all. We are conditioned to think that we are helping friends and family by loaning them money. The truth is, it only ruins and taints relationships.
This happened recently to a very good friend of mine. He went into business with his best friend and agreed to not only loan his friend money, but also buy merchandise for the store on his personal credit card.
The store went bust, his friend can’t pay him back, nor does he have any interest in doing so. In the end, my friend had to file bankruptcy because of it. A business and a 30 year friendship completely destroyed.
As a society, we need to think more about how our decisions affect us. Do we really want to open that credit card? Do we really need to upgrade to the newest thing? Can we really afford that much car?
How will lending this person money affect both sides of our relationship? In the end, it is our choice weather or not to become a slave to the lender. I have been on both sides of the coin and trust me, freedom is better.